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About Micron Insight

Micron Insight brings you stories about how technology transforms information to enrich lives. Learn, imagine, innovate, solve, and gain insight on the technology trends of today and tomorrow from thought leaders around the world. We've built our technological expertise for over 40 years and now we are sharing that expertise with you. Learn how intelligence is being accelerated to enrich life in science and medicine, at the edge, and through the speed of data access and analysis. Accelerate your Intelligence at Micron Insight.

Transforming How the World Uses Information

For nearly 40 years, we have been instrumental to the world's most significant technology advancements, delivering optimized memory and storage systems for a broad range of applications. Our team is transforming how the world uses information delivering solutions for the world's toughest computing and storage challenges.

Micron Ventures announced it will invest up to $100 million in venture funding targeted at technology startups focused on artificial intelligence (AI), with twenty percent aimed at startups led by women and other underrepresented groups.

SAN FRANCISCO, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ:MU) announced that it will invest up to $100 million in startups with a strong focus on AI and machine learning through its strategic investments entity, Micron Ventures. The announcement was made at the inaugural Micron Insight 2018 event where the technology industry's top minds gathered in San Francisco to discuss the future technology landscape and how memory technology brings it to life.

Micron Insight 2018 comes as AI and machine learning continue to make headlines across the industry, and while most organizations are still in early stages of experimentation with these technologies. As companies develop more complex AI and machine learning systems and work on more advanced use cases, the hardware used to train and run those models will become increasingly important. This requires a detailed look at compute, memory and storage configurations to avoid performance and throughput bottlenecks and drive faster, better results.

"We are pleased to bring together the industry's brightest thinkers, researchers, innovators and technologists to discuss AI, machine learning and deep learning," said Micron President and CEO Sanjay Mehrotra. "These trends are at the heart of the biggest opportunities in front of us, and increasingly require memory and storage technologies to turn vast amounts of data into insights that accelerate intelligence."

Launched in 2006, Micron Ventures invests in technology startups aligned with Micron's strategic interests. Micron Ventures is dedicated to helping entrepreneurs revolutionize industries with advances in AI for applications such as augmented and virtual reality and autonomous driving, while dramatically advancing foundational capabilities such as deep learning. As part of the $100 million investment, Micron will target up to $20 million to fund startups led by women and other underrepresented groups.

"Micron Ventures is focused on accelerating innovation in AI and machine learning in order to unlock the vast potential of these promising technologies to enrich human life," said Micron Executive Vice President and Chief Business Officer Sumit Sadana. "Our investments, coupled with our industry-leading portfolio of memory and storage products, technologies and capabilities, will enable these startups to realize the full potential of their innovations."

Speakers at Micron Insight 2018
Micron Insight featured inspiring and thought-provoking conversations about the future of technology resulting from Micron executive keynotes and insightful perspectives from industry experts. Among the topics discussed were the underlying importance of hardware in advancing and driving responsible, ethical and holistic technology development for AI, machine learning and data science. The program also featured fascinating use cases in health, science, virtual reality and automotive, and an interactive Experience Zone showcasing AI applications in life, health and business.

Micron executives leading keynote presentations on the role of memory and fast storage in AI included:

Sanjay Mehrotra, Micron President and CEO

Sumit Sadana, Micron Executive Vice President and Chief Business Officer

About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions. Through our global brands — Micron®, Crucial® and Ballistix® — our broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, NOR Flash and 3D XPoint™ memory, is transforming how the world uses information to enrich life. Backed by 40 years of technology leadership, our memory and storage solutions enable disruptive trends, including artificial intelligence, machine learning, and autonomous vehicles, in key market segments like cloud, data center, networking and mobile. Our common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.